Company Registration Hub

To switch from a sole trader to a limited company in the UK, you need to register a new company with Companies House, inform HMRC of the change, and set up a business bank account. You must also transfer relevant assets and contracts to the company and provide a registered office address to receive official correspondence.

Yes, you can register a limited company yourself through Companies House. However, using a formation agent offers key advantages. It speeds up the process, reduces the risk of mistakes, and ensures you meet all compliance requirements. You also get extras like a registered office address, digital documents, reminders for key deadlines, and expert support from the start.

If you own a limited company, you can pay yourself through a salary via PAYE and/or dividends from company profits. The best balance depends on your income and tax position. Monitor your total income to stay within any applicable tax allowance. Using an accountant or software helps you track this, stay compliant, and remain tax-efficient year-round.

Yes, starting a limited company can be worth it if you want to limit personal liability, enhance credibility, or benefit from tax-efficient structures. It’s ideal for freelancers, contractors, and growing businesses. However, be prepared for added responsibilities like filing annual accounts, maintaining accurate records, and meeting Companies House and HMRC requirements to stay fully compliant.

Company incorporation is the legal process of forming a new business as a separate legal entity from its owners. It involves submitting essential details, such as company name, director information, and registered office address, to Companies House. Once approved, you receive a Certificate of Incorporation, which confirms your company’s legal status and allows you to begin trading under its name.